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GoM: BP Orders Subsea Systems for Mad Dog Field from FMC Technologies

FMC Technologies, Inc. announced today that it has signed a contract with BP for the manufacture and supply of subsea equipment to support the Mad Dog Phase 2 field development.

The Mad Dog Phase 2 field development is located near Green Canyon Block 825 of the Gulf of Mexico, 150 miles (240 kilometers) south of New Orleans in about 5,100 feet (1,550 meters) of water. Under the initial contract, FMC Technologies will supply subsea trees, manifolds, and jumper equipment.

“Mad Dog Phase 2 is the first project awarded under our global agreement with BP to provide technologies and services for their worldwide subsea development projects,” said Tore Halvorsen , FMC Technologies’ Senior Vice President, Subsea Technologies. “We have a long history of supporting BP’s global offshore technology requirements, and today’s announcement expands our support of their Gulf of Mexico projects.”

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USA: FMC Technologies, Edison Chouest Offshore Team Up

FMC Technologies, Inc. announced today that it has formed a joint venture with Edison Chouest Offshore LLC. The new company will be based in Houston.

Utilizing the subsea technologies, tooling and expertise of FMC Technologies, and the vessel, port logistics and ROV operations of Edison Chouest Offshore, the new company intends to provide integrated vessel-based subsea services for offshore oil and gas fields globally. Services to be offered by the joint venture include equipment intervention, riserless light well intervention, plug and abandonment and other services. The company’s objective is to provide cost-effective solutions to enhance the customer’s ability to initiate, maintain, and increase production from subsea field developments through efficient operations, innovative technologies and a broad inventory of vessels and tools.

 ”We are pleased to be working with Edison Chouest Offshore to expand the portfolio of subsea services offered by FMC Technologies,” said Tore Halvorsen, FMC Technologies’ Senior Vice President, Subsea Technologies. “This joint venture will provide integrated subsea solutions to address the growing needs of our customers to increase production and improve field recovery rates.”

 ”We look forward to working with FMC Technologies on this new venture,” said Dino Chouest, Vice President of Operations, Edison Chouest Offshore. “Their leadership in the subsea market combined with our expertise in marine transportation will bring new integrated technologies and operations to the development of subsea fields.”

Subsea World News – USA: FMC Technologies, Edison Chouest Offshore Team Up.

Recap: Worldwide Field Development News (Jun 29 – Jul 5, 2012)

This week the SubseaIQ team added 1 new projects and updated 11 projects. You can see all the updates made over any time period via the Project Update History search. The latest offshore field develoment news and activities are listed below for your convenience.

Australia

ShawCor will Provide Services for Ichthys LNG Subsea Equipment

Jun 29, 2012 – ShawCor announced that its pipecoating division, Bredero Shaw, has received a contract to provide pipeline coatings and related products and services for the flowlines and tie-in spools for the Ichthys LNG project. The contract involves coating approximately 148 km of 6-inch to 18-inch diameter pipe that will be protected with three-layer polypropylene anticorrosion coating and Thermotite multi-layer polypropylene insulation. Work will commence during the second quarter of 2013. The company will execute the work at Bredero Shaw’s facilities in Kabil, Indonesia and Kuantan, Malaysia.

Project Details: Ichthys

Technip Wins Prelude Subsea Installation Contract From Shell

Jun 29, 2012 – Shell awarded Technip a subsea installation contract for the Prelude FLNG facility, which is moored in a water depth of 787 feet (240 meters), about 124 miles (200 kilometers) off the northwest coast of Australia. The contract covers the project management, fabrication, transport and installation by reeling of 12 inch flowlines and the fabrication of pipeline end terminals, flowline appurtenances and rigid spools. It also includes the transportation and installation of the subsea equipment including manifolds, umbilical termination assemblies, rigid spooks and flying leads. Shell said it expects the Prelude FLNG project to be ready in 2017. Once operational, the Prelude FLNG facility will produce at least 5.3 million tones per annum (mtpa) of liquids.

Project Details: Prelude

Europe – North Sea

Statoil Awards Subsea Project to FMC

Jul 5, 2012 – FMC has been awarded a contract for subsea production systems (SPS)for the Gullfaks South field, with options to cover Statoil’s subsea tie-back demand in the fast-track portfolio for 2014 and 2015. Estimated contract value is close to $199 million (NOK 1.2 billion), in addition to possible extensions worth $663 million (NOK 4 billion. Equipment to be supplied includes wellheads, x-mas trees, template structures, manifold and control systems.

Project Details: Greater Gullfaks Area

King Lear Not a Tragedy for Statoil

Jul 2, 2012 – Drilling results confirm Statoil’s earlier expectations that its King Lear prospect would be a high-impact well. Exploration well 2/4-21 drilled by the Maersk Gallant (350′ ILC) in production licences 146 and 333, has proven a 48-meter gas/condensate column in the main bore 2/4-21 and an additional 70-meter gas/condensate column in the side-track 2/4-21A. Statoil estimates the total volumes in King Lear to be between 70 and 200 million barrels of recoverable oil equivalent.

Project Details: King Lear

Faroe Drills Duster in Clapton Prospect

Jun 29, 2012 – Faroe Petroleum will plug and abandon the Clapton exploratory well 2/8-18S on Production License 440S in the Norwegian sector of the North Sea. The well found hydrocarbons in chalks of the Shetland Group and also encountered reservoir rocks, but the reservoir properties were poorer than expected. Reaching a vertical depth of 8,593 feet (2,619 meters) by the Maersk Guardian (350??? ILC) jackup, the well is a dry hole.

Project Details: Clapton

N. America – US GOM

Anadarko Enters Capital Carry Deal for Lucius

Jul 2, 2012 – Anadarko Petroleum has signed a definitive agreement with an undisclosed party to enter into a joint-venture capital carry arrangement for Anadarko’s ownership in the Gulf of Mexico Lucius development project. Under the terms of the agreement, Anadarko will be carried for $556 million, which is estimated to represent 100 percent of its expected capital obligation through the anticipated date of first production at Lucius. In exchange, Anadarko will convey a 7.2-percent working interest in the Lucius development and will continue as operator with a 27.8-percent working interest.

Project Details: Lucius

S. America – Other & Carib.

Gas Flaring Permit Extended for Albacora

Jul 3, 2012 – BPZ Energy has announced that an extension to their gas flaring permit has been granted by the Peruvian Ministry of Energy and Mines. The permit will cover flaring operations at the Company’s Albacora field through December 28, 2012. Gas is flared off when sufficient amounts of gas aren’t being reinjected or sold. At this time, the reinjection equipment at Albacore is sitting idle while the environmental permit to allow for reinjection is finalized.

Project Details: Albacora

Asia – Caspian

Total Sumits Notice of Commerciality for Absheron Discovery

Jul 2, 2012 – Total, on behalf of the Socar/Total/GDF Suez partnership, has submitted a notice of commerciality to the Government of Azerbaijan for the Absheron discovery. This step is an important milestone in the frame work of the Agreement on Exploration, Development and Production Sharing for the Absheron offshore block in the Azerbaijan sector of the Caspian Sea signed in 2009.

Project Details: Absheron

Africa – West

Saipem Signs E&C Contract for Mafumeria Field

Jun 29, 2012 – Saipem has signed a new E&C offshore contract in West Africa for the development of the southern part of the Mafumeira field within Block 0. The contract has been awarded by CABGOC (Cabinda Gulf Oil Company Ltd), wholly owned by Chevron. The Mafumeira Sul EPCI 3 scope of work is for the engineering, procurement and pre-fabrication activities for subsequent offshore modifications and tie-in activities on the existing Mafumeira Norte platform and the future Mafumeira Sul production platforms. Mafumeira Sul EPCI 4 comprises the engineering, procurement, fabrication and installation of an onshore pipeline portion connecting the field to the oil storage and export facilities in the Malongo Terminal. The marine activities will be carried out in different time frames between the fourth quarter of 2013 and the second quarter of 2015.

Project Details: Mafumeira

Allied Energy Preps Drilling Program for Oyo Field

Jun 29, 2012 – Allied Energy reported that it plans to drill a development well on the Oyo field in 4Q 2012. The new well, Oyo No. 7, is being designed to test the prospective resource potential of the deeper Miocene reservoir in the field, but also to increase production in the Pliocene reservoir. With these dual objectives, the No. 7 well is expected to both significantly increase oil production from the currently producing reservoir and de-risk much of the unrisked resource potential in the field.

Project Details: Oyo

Mediterranean

Adira Granted Extension for Samuel License

Jul 3, 2012 – Adira Energy Ltd. announced today that Israel’s Ministry of Energy and Water Resources has granted an extension of the dates for the execution of a drilling contract and the spudding of the first well on the Samuel offshore license. The contract execution date has been extended from July 1 to October 31, 2012 with a requirement that the first well be spud by April 30, 2013. Adira has indicated that the environmental study for Samuel will be submitted by the July 10 deadline.

Shimshon Delivers for ATP

Jul 2, 2012 – ATP Oil & Gas has successfully drilled its Shimshon exploration well in the Levant Basin of offshore Israel encountering more than 62 feet (19 meters) of natural gas pay in the Bet Guvrin sands. The Shimshon well is in a water depth of 3,622 feet and was drilled to a subsea depth of 14,445 feet by the Ensco 5006 semisub.

Project Details: Shimshon

Norway: FMC to Provide LWI Services to Statoil

FMC Technologies, Inc., a global provider of technology solutions for the energy industry, has signed two five-year contracts with Island Offshore Management AS to supply Light Well Intervention (LWI) services for use by Statoil in the North Sea, contingent on approval from Statoil’s partners. Each contract contains options for two, two-year extensions.

FMC’s LWI services enable cost effective intervention and maintenance operations to be performed on existing subsea wells, resulting in higher recovery rates and accelerated production volumes in mature subsea oil fields. The contracts will commence when the existing LWI contracts between the companies expire in 2015. The well intervention activities will be conducted from two Island Offshore vessels, the Island Frontier and the Island Wellserver.

“Reducing the cost of operations and increasing oil recovery are two key benefits of the LWI system,” said Tore Halvorsen, FMC’s Senior Vice President of Subsea Technologies. “Demand for these services will continue to grow as the number of subsea wells increase, and we are pleased to continue to support Statoil with our LWI services.”

Norrway’s oil giant Statoil yesterday awarded contracts for new light well intervention (LWI) vessels. These “category A” units will contribute to increased recovery from Statoil’s approximately 500 operated subsea wells on the Norwegian continental shelf (NCS). Statoil has awarded contracts to Island Offshore Management and Eide Marine Services for the charter of a total of three LWI vessels.

“These contracts prove that Light Well Intervention will also in the future be a common part of oil and gas recovery on the Norwegian Continental Shelf. Island Offshore is proud to announce another milestone as a validation of our efforts and investments in this market segment,” commented Robert Friedberg of Island Offshore.

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USA: FMC Technologies Wins Two Spotlight on New Technology Awards at OTC

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FMC Technologies, Inc. announced that it has been named the recipient of two Spotlight on New Technology awards by the Offshore Technology Conference (OTC). The awards, which honor innovative technologies that significantly impact offshore exploration and production, recognize FMC’s subsea processing systems designed for Total’s Pazflor field and Petrobras’ Marlim field.

“We are honored to be recognized by OTC for a third consecutive year with these prestigious awards,” said John T. Gremp, Chairman, President and Chief Executive Officer of FMC Technologies. “This is a significant accomplishment for our employees and for our industry-leading subsea processing systems.”

The Pazflor field is the world’s first use of subsea separation and boosting in a new subsea field that will produce two grades of oil (light and heavy). This technology enables economic development of the reservoir where the use of a conventional subsea production system was not feasible. Pazflor is located offshore Angola, and began production in August of 2011 at water depths up to approximately 4,000 feet (1,200 meters).

The equipment for the Marlim field is a step-change in the evolution of subsea processing. It is the industry’s first use of oil and water separation technologies in deep water, and it is the first subsea system to separate heavy oil and water. The Marlim equipment is also the first to reinject separated water back into a subsea reservoir to boost production. The Marlim system was installed offshore Brazil in November of 2011 in water depths of approximately 2,950 feet (900 meters). It is designed to extend the life of this mature oil field, which began production over 30 years ago and was once the largest subsea development in the region.

FMC will receive both awards during a ceremony and press conference at 4:00 p.m. CDT on Monday, April 30, in the Rotunda area of the Reliant Center in Houston, Texas.

FMC Technologies, Inc. is a leading global provider of technology solutions for the energy industry. Named by FORTUNE® Magazine as the World’s Most Admired Oil and Gas Equipment, Service Company in 2010, the Company has approximately 14,200 employees and operates 27 production facilities in 16 countries. FMC Technologies designs, manufactures and services technologically sophisticated systems and products such as subsea production and processing systems, surface wellhead systems, high pressure fluid control equipment, measurement solutions, and marine loading systems for the oil and gas industry.

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